KAZ Minerals’ target price boosted to GBX840

KAZ Minerals (LON: KAZ) had its price target hoisted by equities research analysts at Peel Hunt from GBX820 ($10.71) to GBX840 ($10.98) in a research report issued on Thursday, January 24th. The brokerage presently has a “buy” rating on the copper miner’s stock. Peel Hunt’s target price points to a potential upside of 28.21% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Barclays cut their price target on shares of KAZ Minerals from GBX760 ($9.93) to GBX700 ($9.15) and set an “overweight” rating on the stock in a report on Friday, October 12th. HSBC raised their price target on shares of KAZ Minerals from GBX560 ($7.32) to GBX600 ($7.84) and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Goldman Sachs Group decreased their price target on shares of KAZ Minerals from GBX575 ($7.51) to GBX550 ($7.19) and set a “neutral” rating for the company in a research report on Friday, January 18th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of KAZ Minerals in a research report on Friday, October 26th. Finally, Deutsche Bank decreased their price target on shares of KAZ Minerals from GBX700 ($9.15) to GBX620 ($8.10) and set a “hold” rating for the company in a research report on Tuesday, October 2nd. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. KAZ Minerals currently has an average rating of “Hold” and a consensus price target of GBX693.08 ($9.06).

LON: KAZ traded up GBX22.60 ($0.30) on Thursday, reaching GBX655.20 ($8.56). The stock had a trading volume of 2,897,683 shares, compared to its average volume of 2,660,000. KAZ Minerals has a 12-month low of GBX413.10 ($5.40) and a 12-month high of GBX974.20 ($12.73).

KAZ Minerals PLC, together with its subsidiaries, engages in mining, processing, and sale of copper concentrates primarily in Kazakhstan and Kyrgyzstan. The company operates through Bozshakol, Aktogay, and East Region and Bozymchak segments. It operates the Bozshakol open pit mine in the Pavlodar region of Kazakhstan; Aktogay open pit mine located in eastern Kazakhstan; three underground mines and concentrators located in the eastern region of Kazakhstan; and the Bozymchak copper-gold open pit mine located in western Kyrgyzstan.

Source